-- Service and Technology Revenue of $41.3 million, in-line with guidance -- TiVo-Owned subscription gross additions increased 7% year-over-year -- Canal Digital, the largest satellite operator in Scandinavia, to deploy TiVo solution; TiVo now expected to reach up to seven million households in Europe -- iPad application to launch in December; will uniquely work in tandem with what a viewer is watching on the television -- Power||Watch(TM) opt-in panel to increase from 25,000 to 100,000 TiVo households, largest offering of its kind on the market today -- United States Patent and Trademark Office affirmed validity of all claims of Time Warp Patent for the third time; TiVo remains confident in the outcome of the litigation following oral arguments in a recent en banc review
ALVISO, CA, Nov 23, 2010 (MARKETWIRE via COMTEX) -- TiVo Inc. /quotes/comstock/15*!tivo/quotes/nls/tivo (TIVO 8.62, +0.00, +0.03%) , a leader in advanced television services including digital video recorders (DVRs) for consumers and content distributors and consumer electronics manufacturers, today reported financial results for the third quarter ended October 31, 2010.
Tom Rogers, President and CEO of TiVo, said, "This was an important quarter as we executed on our strategic initiatives aimed at expanding our distribution and building on our leadership in providing an advanced television solution. In the U.S., RCN deployment continues to exceed expectations. Outside the U.S., our momentum continues to build as we signed yet another European distribution deal with Canal Digital, the largest satellite operator in Scandinavia and as Virgin is nearing launch of our service. We are the only service provider solution today that combines traditional linear television, operator video-on-demand with the vast new world of broadband-on-demand content and we are seeing significant traction with operators as they increasingly recognize that we are the innovator of that approach. This is especially true as we prove that we are at the cutting edge with an increasing feature set such as integrated search and an iPad feature that is not only a command and control device for watching TV but allows users to actually interact with the content they are watching on their television screen."
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